Business & Rural
11 May, 2026
WOOL REPORT: market edging higher
Selling was impacted by the ANZAC Day public holiday, creating an unusual schedule. With Sydney and Fremantle observing the holiday on Monday, Melbourne opened the week’s selling in isolation on Tuesday.
THE Australian wool market has edged higher this week, pausing after the sharp gains recorded across recent selling series.
A total of 37,744 bales were offered to the trade, an increase of 4078 bales on the previous week, as stronger prices encouraged growers to release wool that had previously been held back. This has pushed the season’s total offerings to 1,298,119 bales, sitting 52,512 bales — or 3.9 per cent — behind the same point last season.
Selling was impacted by the ANZAC Day public holiday, creating an unusual schedule. With Sydney and Fremantle observing the holiday on Monday, Melbourne opened the week’s selling in isolation on Tuesday.
Merino fleece results were mixed, with Micron Price Guides (MPGs) fluctuating between gains of 12 cents and losses of 13 cents. Strength in the crossbred, skirting and oddment sectors helped lift the benchmark Eastern Market Indicator (EMI) by four cents, extending its positive run to seven consecutive rises. Over that period, the EMI has climbed 175 cents, an increase of 10.2 per cent.
On Wednesday, all three centres returned to action, with MPGs recording broader movements ranging from plus 21 to minus 36 cents.
The EMI gave back the previous day’s gains during this session.
Sydney closed the week trading solo on Thursday, with the market finishing on a stronger note. MPGs rose between four and 16 cents, pushing the EMI up a further two cents. The EMI closed the series at 1897 cents, marking an overall weekly rise of two cents.
Looking ahead, next week’s national offering is expected to ease, with an estimated 34,290 bales to be presented to the market. Source: AWEX
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